Dominican Republic - Wheat and Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wheat and Meslin Flour in the Dominican Republic - 2023
Contents:
- Price for Wheat and Meslin Flour in the Dominican Republic (FOB) - 2023
- Price for Wheat and Meslin Flour in the Dominican Republic (CIF) - 2023
- Exports of Wheat and Meslin Flour in the Dominican Republic
- Imports of Wheat and Meslin Flour in the Dominican Republic
Price for Wheat and Meslin Flour in the Dominican Republic (FOB) - 2023
The average wheat and meslin flour export price stood at $882 per ton in March 2023, with an increase of 1.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 38% m-o-m. The export price peaked at $915 per ton in January 2023; however, from February 2023 to March 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From March 2022 to March 2023, the rate of growth in terms of prices for Haiti amounted to +2.1% per month.
Price for Wheat and Meslin Flour in the Dominican Republic (CIF) - 2023
In March 2023, the average wheat and meslin flour import price amounted to $625 per ton, with a decrease of -35.2% against the previous month. Overall, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in February 2023 an increase of 96% month-to-month. The import price peaked at $975 per ton in September 2022; however, from October 2022 to March 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Spain ($1,421 per ton), while the price for Turkey ($434 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Spain (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wheat and Meslin Flour in the Dominican Republic
In 2022, wheat and meslin flour exports from the Dominican Republic skyrocketed to 82K tons, with an increase of 25% compared with the previous year. In general, exports, however, recorded a deep reduction.
In value terms, wheat and meslin flour exports soared to $58M in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage.
Export of Wheat and Meslin Flour in the Dominican Republic (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Haiti | 69.7 | 25.7 | 34.6 | 57.8 | -6.0% |
Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Total | 69.8 | 25.8 | 34.6 | 58.0 | -6.0% |
Top Export Markets for Wheat and Meslin Flour from the Dominican Republic in 2022:
- Haiti (81.3K tons)
Imports of Wheat and Meslin Flour in the Dominican Republic
In 2022, supplies from abroad of wheat and meslin flour decreased by -65.9% to 3.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a sharp curtailment. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year. As a result, imports reached the peak of 10K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wheat and meslin flour imports declined significantly to $2.8M in 2022. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year.
Import of Wheat and Meslin Flour in the Dominican Republic (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.2 | 1.7 | 2.7 | 2.2 | 22.4% |
Italy | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
Turkey | 0.4 | 0.4 | 0.3 | 0.2 | -20.6% |
Spain | 1.9 | 3.1 | 2.3 | 0.1 | -62.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.6 | 5.3 | 5.7 | 2.8 | -8.0% |
Top Suppliers of Wheat and Meslin Flour to the Dominican Republic in 2022:
- United States (2281.0 tons)
- Italy (448.9 tons)
- Turkey (220.0 tons)
- Spain (116.2 tons)
This report provides an in-depth analysis of the market for wheat and meslin flour in the Dominican Republic. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 16 - Flour of Wheat
Country coverage:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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